Investing.com – Asian stocks advanced on Monday, as commodity-linked shares led markets higher, while Japanese automakers advanced as the yen strengthened against the U.S. dollar.
During late Asian trade, Hong Kong's Hang Seng Index gained 0.34%, South Korea's Kospi Composite added 0.18%, while Japan’s Nikkei 225 Index jumped 1.11%.
The Nikkei’s gains came as shares in Japan’s largest oil refiner JX Holdings saw its shares jump 6.25% after it raised its full-year earnings forecast from JPY 9.16 million to JPY 9.39 million, citing increased sales.
Elsewhere within the commodity sector, shares in Mitsui Mining & Smelting jumped 2.73%, while Sumitomo Metal Mining saw shares leap 2.25%.
Meanwhile, shares in Japanese automakers advanced as the dollar retreated further from a 15-year high against the yen. Shares in Japan’s second-biggest automaker Honda soared 3.26%, Toyota saw shares climb 1.18%, while shares in Nissan jumped 1.96%.
Earlier in the day, the Bank of Japan said in its monthly report for November that the nation’s economic recovery “seems to be pausing”, yet there are still “signs of a moderate recovery”.
Elsewhere, Australia’s S&P/ASX 200 declined 0.46%, as shares in the nations’ largest airliner Qantas Airways tumbled 2.10% due to uncertainty over the ongoing grounding of its Airbus A380 super-jumbo jets, following last week's mid-air engine failure.
Meanwhile, in Europe, equity markets were down after the open. The EURO STOXX 50 fell 0.50%, France’s CAC 40 declined 0.28%, the FTSE 100 eased down 0.02% and Germany's DAX shed 0.25%.
Later in the day, the euro zone was to publish data on investor confidence and German industrial production.
During late Asian trade, Hong Kong's Hang Seng Index gained 0.34%, South Korea's Kospi Composite added 0.18%, while Japan’s Nikkei 225 Index jumped 1.11%.
The Nikkei’s gains came as shares in Japan’s largest oil refiner JX Holdings saw its shares jump 6.25% after it raised its full-year earnings forecast from JPY 9.16 million to JPY 9.39 million, citing increased sales.
Elsewhere within the commodity sector, shares in Mitsui Mining & Smelting jumped 2.73%, while Sumitomo Metal Mining saw shares leap 2.25%.
Meanwhile, shares in Japanese automakers advanced as the dollar retreated further from a 15-year high against the yen. Shares in Japan’s second-biggest automaker Honda soared 3.26%, Toyota saw shares climb 1.18%, while shares in Nissan jumped 1.96%.
Earlier in the day, the Bank of Japan said in its monthly report for November that the nation’s economic recovery “seems to be pausing”, yet there are still “signs of a moderate recovery”.
Elsewhere, Australia’s S&P/ASX 200 declined 0.46%, as shares in the nations’ largest airliner Qantas Airways tumbled 2.10% due to uncertainty over the ongoing grounding of its Airbus A380 super-jumbo jets, following last week's mid-air engine failure.
Meanwhile, in Europe, equity markets were down after the open. The EURO STOXX 50 fell 0.50%, France’s CAC 40 declined 0.28%, the FTSE 100 eased down 0.02% and Germany's DAX shed 0.25%.
Later in the day, the euro zone was to publish data on investor confidence and German industrial production.